Contacts: David Frankil
8561-472-2000 ext. 5050
FOR IMMEDIATE RELEASE
February 17, 2010
NAFCU SERVICES AND MONEY CONCEPTS OFFER FREE WEBCAST ON SEVEN WAYS TO HELP “PRE-RETIREE MEMBERS” AFTER THE MARKET DOWNTURN
WASHINGTON — NAFCU Services Corporation (www.nafcu.org/nafcuservices) today announced the release of a free webcast, created with Money Concepts International, Inc., the NAFCU Services Preferred Partner for turnkey financial planning and wealth management solutions for credit unions. The webcast, titled “The Impact of the Market Downturn on Your Pre-retiree Members,” discusses seven strategies that credit unions can use to help members that are about five years away from retirement.
The 16-minute webcast recording and corresponding handouts are available at www.nafcu.org/moneyconcepts.
The webcast’s expert, Barry Dayley, executive vice president at Money Concepts, described these members as “a pliable group. They are more willing to take advice and consolidate assets.”
One of the strategies encourages credit unions to help affluent members prepare for increases in their taxes and understand how to structure withdrawals to minimize taxes. Another discusses how to prepare members for rapidly escalating health care costs, a topic at the forefront of members’ minds due to recent proposed legislation in Washington.
“If there is one thing pre-retiree members are worried about, it’s whether their money will last their lifetimes,” said Dayley. Helping members put risk in perspective is another strategy discussed. “You can help members make good decisions that will help them stay ahead of inflation.”
“With more than 10,000 baby boomers retiring each day, ‘pre-retiree members’ represent a significant growth opportunity for credit unions,” said David Frankil, president of NAFCU Services Corporation. “Your members are going to look for these solutions from someone they consider to be a trusted expert. One advantage of the Money Concepts model is that it is turnkey—so even if a credit union is unable to afford a full-time financial planner, there are other solutions to consider.”
About Money Concepts International, Inc.
Money Concepts International, Inc. provides a turn-key wealth management business model, true ownership of the business, independent & non-proprietary products, integrated technology platform and staff training and education through Money Concepts University. The firm was founded in 1979 and its concepts and the acceptance of their ideas have resulted in dynamic growth with over 700 offices worldwide. For more information, please visit www.moneyconcepts.com.
About NAFCU Services Corporation
NAFCU Services Corporation is a wholly owned subsidiary of the National Association of Federal Credit Unions (NAFCU). Since 1975, NAFCU Services has partnered with the industry’s leading solutions providers to offer value-added products and services at a discount to credit unions. Currently, it offers 28 Preferred Partner programs to the credit union community, and maintains the credit union locator website, CULookup.com. For more information about NAFCU Services Corporation, please visit www.nafcu.org/nafcuservices.
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